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have new details on his help. any speculation reduce speculation of pope benedict's success. >> following a strategic review. they hope to cut 4000 jobs. almost half will come out of the investment bank. >> bob diamond was blamed for changing from a top banking to high risk investment banking. they were outraged by the size of bonuses and the illegal fixing of the libor rates. the new went on how they want to change for barclays. >> i think we were into short- term focus. on occasion we were too self- serving. what we're talking about is building a better barclays that learned from those experiences that will deliver the whole of our stakeholders. >> he is not only want to improve the bank's image with the public, he wants to woo investors as well. the bank made a $360 million loss last year. he is cutting $2.5 billion from barkley's annual costs. 1900 jobs will go with the european retail and business banking sector. 1800 in corporate banking. >> the investment bank's deliver 4.1 billion of this profit. they are losing money on the retail side. the investment bank will reta
of it across the atlantic? today, it was revealed that pope benedict will retain his honorific title of his holiness nd be known as pope emeritus after he advocates. -- abdicates. when global events this really is, the resignation of a pope. it has not happened for 600 years. the whole place is swarming with foreign tv crews. theally, the audience of pope is a relatively low-key affair. but interest in attending wednesday's event was so great that they had to move it. there are thousands of shares already laid out. 35,000 people have already booked tickets to attend. and that number is expected to grow. intense interest not only around the world, but here in rome as well. because the pope is also the bishops in rome. i'm standing at the moment on the territory of the italian republic. this ground is italy. on the other side of this fence, it is the independent state of the vatican city. we are not allowed to take our cameras. you get a sense of the separations that are already under way. the following day will be his last day in office. he will have a private meeting with the cardinals that
Search Results 0 to 1 of about 2